1. To agree to the continuation of the UK Shared
Prosperity Fund's regional governance procedure
for the 2025/26 transitional year, and authorise the Head of Economy and
Community Department - in consultation with the Head of Finance, Head of Legal
Service and the Chief Executive - to confirm the arrangements.
2. To agree to continue with the UK Shared
Prosperity Fund's local governance arrangements in Gwynedd for the 2025/26
transitional year.
3.
To
agree that it is required for every scheme in Gwynedd, which receives funding
from the Shared Prosperity Fund, to realise two principles, namely:
3.a.
That
targeted efforts are made to ensure that SPF money and the resulting benefits
are beneficial to communities and residents in all parts of Gwynedd
3.b.
That
targeted efforts are made to encourage activities (and organisations), that
have not previously received funding, to obtain access to support.
4.
To
agree to evolve and adapt activities from the existing projects and extend then
for the transitional year, in accordance with the principle of the UK
Government that the 2025/26 funding of the Shared Prosperity Fund is an
extension of the 2022/24 to 2024/25 period, which transitions to a new funding
procedure.
5.
To
ask the Shared Prosperity Fund Panel to give detailed consideration to the
individual schemes being considered for the Gwynedd allocation of the Shared
Prosperity Fund, and present a recommendation back to the Cabinet on the
individual allocations.
6.
Within
the £7,900,000 budget, to agree to the continuation of four funds (with a total
budget of approximately £2.29 million) to distribute smaller sums of Shared
Prosperity Fund money to the county's enterprises and communities, authorising
the continuation of three funds under Cyngor Gwynedd's control.